Dragon Oil plcs principal production and exploration interests are located in the Cheleken Contract Area in the Caspian Sea, offshore Turkmenistan. The Cheleken Contract Area covers approximately 950 sq.kms and comprises two offshore oil and gas fields, Dzheitun (LAM) & Dzhygalybeg (Zhdanov), in water depths of 10 to 37 metres.

            Red = 25 day moving average.           Green = 200 day moving average.

marni you don't get it ENOC own 52% of the shares they are not going away and will only bid for the remaining 48% if the price is right for them, minority shareholders can do nothing but wait or sell in the market.

i do understand, halifax

but there is institutions too who wont sell at under 5 quid and they make up quite a holding.

i think ENOC need 90% and that wont happen with pathetic offers.......and the longer they wait, the higher the sp through time esp as oil goes up and dragon production goes higher

as i say, ENOC time is running out fast

and i believe a chinese oil cmpany i interested if ENOC wont table a bid......in other words, they will buy ENOC shares

marni they can't buy ENOC's shares in DGO unless ENOC want to sell them, you are really scraping around for a reason to ramp DGO.

No need to ramp...it's climbing day by day...excellent production and the price of oil back above $70 is helping...

i aint ramping rf.........no need to as i'll wait as long as it takes......i'll wait 5 years if necessary but i cant see ENOC waiting that long.

only another 6.5p to 4 quid, lol

fwiw, i think a bid of 6.50 will be ofered as under 5 quid is a joke and they need to tempt the instistions in selling their shares

marni - i would say that your logic flies in the face of reason, but i am afraid there is no logic at all to your statement(s)

ok cynic but i;ll make a prediction of 6.50........yours is 4 quid, lol........lets see who is closest as i'm sure a bid will arise eventually

only diff is that i don't care ...... i'm sure i'll be out months if not years before price reaches your target

u dont care!!!! lol.........well if someone can give me more thaN 50 per cent on my shares then that would be great.........i dont know any banks with that interest rate

if we wait years, then sp will be MUCH HIGHER than 6.50 but it seems you dont know much about this company

As long as the Americans don't have a go at the Iranian installations...

marni - i know enough, not least through discussing a couple of projects with them when i visited their offices in dubai ..... no doubt you had the pleasure of lunch with the directors and hence your greater inside knowledge .....
i also know that waiting for the pot of gold is likely to find you holding a crock of shit ..... i hope and almost expect, that i shall have enough discipline to BANK a very good profit at the time i consider it right.


rf - i don't think you are going to see any real progress in iran for many many years ...... whether the amis, perhaps via israel, take a pop at iran remains to be seen, but for sure iran is developing nuclear weapons

That is the only thing with this company that worries me....Obama for all his kind words might just get tough without warning...that is the only downside that I can see..still in this but not so much as before.

if usa does get pugnacious, then it will be the whole market that is hammered .... surely DGO does not operate in iran in any case

Their oil is exported through Iran (not sure of the percentage) perhaps 50%...but a pipeline through Turkmenistan (hope spelling is correct) is on the cards....and yes the whole market would take a knock...but if you have a madman in charge of nuclear stuff...look at hitler !.

saddam husein sounds better than hitler..

your ignorance on dgo with iran speaks volumes, cynic......but dgo have potential routes too.....plus this nabucco project!

saddam was iraq......i thought you were talking about iran before who actually have a dispicable person in charge too.

did you enjoy your lunch with the DGO directors?
our own projects related to the supply of stuff for their rigs ..... it doesn't matter to us how they shift the stuff

by the way, the real power in iran does not lie with Whatsfordinnerdad, but with the ayatollahs